T. H. Data Flash - Luckin Coffee- October & 3Q19: Driven By New Store Openings, Expect 3Q19 Revenue To Be Better Than Consensus
LK will release 3Q19 earnings on November 13th before the markets open with an 8am EST conference call. Based on our data and model, we believe LK’s total revenue in 3Q19 is likely to be higher than the high-end of guidance range of RMB1,350M – RMB1,450M, and higher than consensus at RMB1,496.2M or US$210.7M (based on exchange rate of RMB7.1000 = USD 1). We believe the better topline growth is mainly driven by the number of newly added stores.
T.H. Capital is an independent research and investment advisory firm specializing in China. We offers real-time, on-the-ground, bottom-up research across a wide spectrum from macro and industry analysis to company specific projects; from China ADRs to international names that have meaningful exposure to China market. We deliver relevant, comprehensive and data driven research adding immense value to clients.
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